Blender 3D Space mouse settings
When it gets difficult to navigate select the object you are working on and hit the "." on the num pad and it re-centers around that object.  Not perfect but makes it a little closer to usable. I'm a Solidworks user and love my 3D mouse.  Seems to work a little closer to normal but is a little slow in rotating around the object but slow is better than flying off the screen.  I'm a newbie to Blender but starting to love it. 

Edit......
Attached are the settings I found to be the most like Solidworks movement. But if you start losing control hit the period on num pad after you have selected the object you are working on to get back functioning. You can play with the Free/ orbit and the Turntable but I like Free and Trackball settings for total movement.  I did have to increase the Pan and Orbit Sensitivity they were to slow.